1st December, 2021
Rwanda’s economy has been growing steadily for the past 20 years. In December 2011, the National Dialogue Council proposed the creation of a Sovereign Wealth Fund, which would be funded by contributions of civil servants and the Rwandan diaspora. We had the pleasure of catching up with Mr. Gilbert Nyatanyi, who has been CEO of Agaciro since September 2020 and wants to take his country’s SWF to the next level.
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23rd August, 2021
The Sovereign Fund of Egypt (TSFE) is seeking to channel capital into a range of economic and social development projects, from education to utilities, through public-private-partnerships (PPPs), emulating state-owned investors established in India (NIIF) and Indonesia (INA).
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18th August, 2021
One of Abu Dhabi's state-owned investors, the US$243 billion Mubadala Investment Company, is working to attract third-party capital from institutional investors as part of its ambitious bid to double its AUM by the end of the decade.
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9th July, 2021
Abu Dhabi sovereign wealth fund Mubadala has resorted to debt and equity markets to generate cash for new acquisitions as it surges ahead with an investment drive at breakneck speed.
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11th June, 2021
In an unexpected move beyond core infrastructure, the Indonesia Investment Authority (INA) is set to strike a deal in digital infrastructure with plans for investment in tech unicorns.
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10th June, 2021
After replacing its chairman and an array of managers, Kazakhstan’s US$64 billion sovereign wealth fund Samruk-Kazyna is planning for a new era with a schedule of privatizations set to generate dry powder for fresh investments - and new partnerships.
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21st May, 2021
An agreement for a US$3.75 billion infrastructure platform marks the first investment vehicle for the Indonesia Investment Authority (INA), backed by Abu Dhabi Investment Authority (ADIA), Caisse de dépôt et placement du Québec (CDPQ) and APG Financial. The consortium will invest in toll roads with assessments of opportunities over the next six months.
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16th April, 2021
Bangladesh is following a growing trend of quasi-SWF infra funds with the launch this week of the Bangladesh Infrastructure Development Fund (BIDF), using a foreign exchange windfall. Yet, the BIDF carries the risk of potentially risky FX reserve depletion and the build-up of a bad loan portfolio that could ultimately undermine its purpose.
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19th March, 2021
Plans for a US$1.4 billion fertilizer plant in Nigeria backed by the country’s sovereign wealth fund have received strong interest from investors, potentially enabling the project to reduce its debt burden.
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10th March, 2021
PIF, Temasek and Mubadala have tapped debt markets to drive their varied growth strategies, whether boosting domestic home ownership or enabling private equity investment. The deals comes amid a slew of bonds by issuers tapping global debt markets at cheap rates as investors utilize high global liquidity in the high for higher-yielding assets.
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1st February, 2021
In December 2020, NIIFL announced that it had officially closed the Master Fund, which is focused on Indian core infrastructure, with USD 2.34 billion in commitments, including two SWFs (ADIA, Temasek), four PPFs (AustralianSuper, CPP, OTPP and PSP), US DFC and a number of domestic investors such as ICICI Bank, HDFC Group, Axis Bank and Kotak Mahindra Life Insurance. The institution is now fundraising for a Strategic Opportunities Fund (direct private equity) and a Fund of Funds, targeting a total to US$ 6 billion AuM. NIIFL is now regarded as a success story that focuses on two critical assets for the country – private equity and infrastructure – with governments around the world keen to emulate the model. We had the pleasure to catch up with its Head of Investor Relations & Partnerships, Ms. Saloni Jhaveri.
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29th December, 2020
The Nusantara Investment Authority (NIA) may have closed its first fund for investments in domestic infrastructure, from an array of international #SOIs
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